Those aren't really gambling terms rather are gambling options in the sport bets that's left for individuals to decide the formats of their decisions on games out.
They're betting formations or you can say they're predicting strategies which every experience players knows what best strategy for them if it's playing on money line, parley or point spread. They all have their pros and cons so don't think you've just learnt a strategy to hit the jackpot because your winning will still be tied to lucks but it's good to know all these strategies because it migrates players sense of humors with different feelings if playing for fun.